How to Get Equitel Loans in Kenya
In a world where financial flexibility is essential, Equitel loans offer Kenyans an easy and fast way to access credit directly from their phones. Whether you’re running a small business, dealing with unexpected bills, or need to boost your cash flow, Equitel loans provide a convenient solution.
In this guide, we’ll explain:
- What Equitel loans are
- How to apply via your Equitel line
- Loan limits and interest rates
- How to repay
- Tips to increase your limit
What Are Equitel Loans?
Equitel loans are mobile loans offered by Equity Bank Kenya through the Equitel SIM card. This platform merges mobile phone services with banking features, allowing users to manage finances and borrow loans straight from their phones — no need for an app or physical branch.
It is particularly useful for:
- SMEs
- Farmers
- Hustlers and youth
- Individuals in remote areas with no bank nearby
How to Get Started with Equitel
Step 1: Get an Equitel SIM Card
Visit any Equity Bank branch or agent with your ID to register and receive an Equitel SIM. It’s free and linked directly to your Equity Bank account.
Step 2: Activate the SIM
Insert it into your phone and follow the on-screen prompts to activate.
Step 3: Register for Eazzy Banking
Your SIM will grant access to Eazzy Banking Menu where you can access:
- Loans
- Airtime
- Bill payments
- Fund transfers
How to Apply for an Equitel Loan
Once your SIM is ready, follow these steps:
Steps via Eazzy Menu:
- Go to Eazzy Menu on your phone
- Select Loans
- Choose Apply for Loan
- Enter the amount (subject to your limit)
- Confirm using your PIN
Funds will be deposited into your Equity account and you can withdraw via Equitel or MPESA.
Loan Types Offered via Equitel
- Eazzy Loan – Short-term, unsecured loans available to active account holders
- Salary Advance – For salaried individuals whose salaries go through Equity
- Mobile Loans – Quick disbursement loans based on transaction behavior
Most loans are processed instantly!
Equitel Loan Limits and Interest Rates
Loan limits vary based on:
- Account activity
- MPESA/Equity usage
- Loan repayment history
| Category | Range |
|---|---|
| New users | KSh 100 – 3,000 |
| Active users | KSh 3,000 – 200,000+ |
Interest Rates:
- Between 2% and 8% depending on loan type
- Some loans attract processing fees (up to 10%)
Repayment periods typically range from 30 days to 12 months.
How to Repay Your Equitel Loan
Repayment is done automatically from your Equity account or manually via:
- Eazzy Menu > Loans > Repay Loan
- Enter the amount and your PIN
Partial repayments are allowed for longer-term loans. Early repayment may improve your loan limit!
How to Increase Your Loan Limit
- Transact regularly via your Equitel SIM
- Save consistently in your Equity Bank account
- Repay loans on time or before due date
- Deposit your salary or business income via Equity
- Avoid defaulting or late payments – it affects CRB rating
Benefits of Using Equitel Loans
- 24/7 access to instant mobile loans
- Works on all types of phones – no internet needed
- Great for businesses and rural areas
- Flexible limits and repayment terms
- Integrated with MPESA and Airtel Money
Important Reminders
- Defaulting can lead to CRB blacklisting
- Use loans for productive or urgent needs, not luxury
- Review terms before accepting loans to avoid surprise fees
- Always confirm your repayment date and set reminders
Related Guides on How to get Loans
- How to Get a KCB MPESA Loan in Kenya
- How to Apply for Hustler Fund Loan in Kenya
- How to Get a Business Loan in Kenya via Tala
Final Thoughts
Equitel loans are a lifeline for thousands of Kenyans who need instant and secure access to money. By combining mobile technology with traditional banking, Equity Bank has made it easier than ever to grow your business, handle emergencies, or manage cash flow — all from the palm of your hand.
If you’re looking for an affordable, fast, and reliable loan service, Equitel is a smart option to consider in 2025.